Sell-Side Technology Awards 2017: Best Distributed-Ledger Technology Project—Synechron

The program aims to help firms experience the benefits of the technology through six blockchain applications focused on various areas of the industry: trade finance, know-your-customer (KYC), mortgage financing and processing, insurance claims processing, over-the-counter smart margins, and global payments. “Unlike other DLT projects that focus on conceptualizing a blockchain solution, Synechron was one of the first to develop working blockchain applications that reimagined the world on blockchain, built on leading platforms like Ethereum and Hyperledger’s Fabric,” says Sandeep Kumar, managing director of capital markets at Synechron. “Synechron’s Blockchain Accelerator Program enables firms to experience blockchain’s most tangible benefits in enhancing business operations, minimizing operating costs and combatting fraudulent activity. The applications bring together distributed-ledger technology (DLT), smart contract functionality, digital payments and the inherent security features of a private, permissioned blockchain.”
Synechron has dedicated a 50-person team in its Financial Innovation Labs (FinLabs) focused on blockchain innovation to offer clients end-to-end delivery capabilities and accelerate their blockchain initiatives through continued Agile development in a sandbox environment, according to Kumar.
The New York-based firm has already done custom development work for a number of capital markets firms. Data specialist Dun & Bradstreet participated in a proof-of-concept in which a unique blockchain identity was mapped for 6,500 current DUNS identification numbers. Kumar says the firm is actively working on several paid blockchain development initiatives and plans to release additional pilot and production projects in 2017. “We’re also helping our clients with the development of additional business cases through our blockchain consulting practice to assess what makes a good blockchain project, what platform is best fit-for-purpose across options like Ethereum, Hyperledger’s Fabric, Corda, Quorum and others, and how to bring together the ecosystem they need to initiate a project,” Kumar says.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2025: Best distributed-ledger technology provider—DTCC
Name of product or service: DTCC ComposerX suite of products
Sell-Side Technology Awards 2025 winner’s interview—FIS
FIS’s Post Trade Processing platform brings success in the Sell-Side Technology Awards
Waters Rankings 2025 winner’s interview—S&P Global Market Intelligence
S&P Global Market Intelligence's Justine Iverson discusses the firm's wins in the 2025 Waters Rankings, alongside the versatility its S&P Capital IQ Pro offering platform.
Waters Rankings 2025: Best outsourcing service provider—SmartStream Technologies
Name of product or service: SmartStream’s managed services
Waters Rankings 2025: Best buy-side order management system (OMS) provider—Bloomberg
Name of product or service: Bloomberg AIM
Waters Rankings 2025: Best artificial intelligence (AI) technology provider—S&P Global Market Intelligence
Name of product or service: S&P Capital IQ Solutions AI-Powered features
Waters Rankings 2025: Best market data provider—S&P Global Market Intelligence
Name of product or service: S&P Capital IQ Pro
Waters Rankings 2025: Best managed data service provider—SmartStream Technologies
Name of product or service: Reference Data Services